Views on Lansdowne Partners
Hi guys, through networking, there will be a potential opportunity for me to do an internship at Lansdowne Partners in their London office. Hopefully, I will be able to intern at their L/S fund (Princay Fund). My background is SA at lower-tier BB and upcoming top-tier SA BB M&A. The internship would be in my gap year between my bachelor's and master's. The goal is to break into the HF industry straight out of university or after two years of banking.
What is your view on Lansdowne, and will it get me an invite to other L/S HF in the UK (think Point72/Citadel) with my other internships?
Kind Regards, and thanks for your help
Congrats for the offer !
My answers to your two questions will be a bit paradoxical.
1) My view on Lansdowne is not so good, their returns are not stellar and they are not on a good momentum in terms of AuM, fund closure, perf...
2) However, I do think an internship there will make you grow a lot as a future analyst and will add a original/rare line to your resume (this name is known by the UK buy-side). It will certainly be seen as a very good experience by the majors platforms that you mentioned.
they don't convert to FT if that's what ur looking for (source was in the process). also their strategy seems pretty vanilla - they’re either long-only or long-short stock pickers
Mainly no more shorting at that place
Thanks for sharing. Did you intern in L/S or L/O? Did this internship help you in getting other offers? Thank you
Lansdowne is somewhat past their glory days and Princay isn't their flagship. Be that as it may, an experience at an established L/S fund isn't to be sniffed at and really there's no alternative here, so why not.
P72 and Citadel have taken people with hardly any work exp onto their SA programs/FT programs. Don't think they recruit like banks do. So yes you'll be fine.
Thanks for your response! Would you suggest to intern in their flag ship fund if possible?
What factors are included in the process of citadel/ point72 if it is not prior work experience? Thank you for the insightful post
Just read that they shut the Developed Markets hedge fund in 2020 so I guess that's out the window. I guess my view of the firm is slightly outdated. Not sure what the LO version of DM is like.
Idk specifics of recruitment, I'm just relaying my observations.
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